HELP!?!

hey brett,

im in the same situation as ive read all the books also and i dont know where to start. just having a hard time getting the first deal done.

Find your local REI club.
Find a mentor. (Mine is the leader of my REI club)
Your mentor will tell you what you need to do but you are the one who has to do the work and take action. As long as you are willing to learn and do the work that is involved you will go far! You can both follow me if you want. I have been doing this for about 7 weeks now.

You need to read the books several times. They will tell you how to start.

Read and read and read some more the threads on this site. The journals are great places. Try Carol Stinson's. She started w/no money and bad credit, etc also. She gives step by step what she did.

http://www.deangraziosi.com/node/8911

Wholesaling, doing assignments, L/Os are good in that situation.

Brett, good job on getting your bio completed.

Bobby, you need to complete yours. No one will take you seriously if you don't come across in a professional way.

Karen

But I know from being on DG.com sooooooo much the best thing is to read read read! Study all that you can if you have to re read the books again do that. Join real estate networking sites they're FREE, and like Lane said find your nearest REI club and go let everyone know what you're doing (If you want such as family and friends but that's your decision) the more people you tell the more you will be noticed (I have....but that's just my personal experience). Ask questions and don't be afraid to ask I remember reading on a post that said the only dumb questions are the questions you DON'T ask. Take it one day at a time don't try and be the REI superman and learn everything in one day and go out and do something the next. If there's anything else just ask. Do not be afraid to ask....like Dean always says "Just Do It" whether it be asking a question or taking your first step towards your first deal.

TheYungGun

I have read Your Town Your Real Estate Profits at least 3 times over and I still go back through and read certian chapters for more information. There is so much info in there that you miss alot of it the first few times you read it.

Read the books you guys and don't just read them...take notes. I have pages and pages of notes from the book and from the EDGE 2010 dvd's. Read all of the forums on this site. We do not have time to answer every new persons questions in detail. All of the answers are in the forums. That is how I learned everything I know. I didn't ask anyone on this site for help. I am just now starting to make friends with people on here. I talk to Stacey Jurek pretty often and I have talked with Jeremy Zelkowitz and Joe Jurek. I have even talked to Dean already. You can get along way in a hurry if you do your homework and just do as much as you can everyday. I have yet to do a deal but I know that the information I am gathering and the teams I am building are putting me leaps and bounds ahead of where I was when I started. I am a hard worker and I just get things done! I don't wait, I find out what I need to do and I do it. Have that additude and you will go far! Good luck and keep in touch!

First ask yourself if you are looking to get into a deal and make a lump sum of money then get out (this is a great way to build seed money). Or are you looking to build residual income through rentals?

Lump sum money would be a fast cash strategy
residual income would come from cash-flow techniques.

Fast cash techniques
bird-dog (no money down)
assignment of contract (no money down)
double close (no money down)
buy & sell
buy, fix & sell

Cash-flow techniques
rentals
lease options
sandwich lease options (no money down)
seller financing (possible no money down)

The key is to determine what you are trying to accomplish then what resources you have or can use.

for example: if you are looking to make a lump sum of money and no money or credit to put into a deal then you'll want to use bird-dog, assignment of contract or double close.

there is a ton of info on each of these subjects in this site, it is awesome!!

Wish You Well

understand that it is hard to know what to do and where to start when you are trying to invest in real estate. You could be a bird dog, where you simply provide information for the investors in your area. That does not take any of your own money to do a deal. You could assign contracts or wholesale deals, this technique is also a no money down technique. You are never using your own credit or funds to purchase property either.

In using both techniques you will need to create a buyers list first. You can find investor buyers at REI Clubs, from their ads - "we buy houses cash" and bandit signs as well You could meet buyers at any auction setting. After meeting the investor you must qualify them - find out what they are looking for - go into detail, also ensure they have funds!

Having a great buyers list is where you will want to start when you have no funds of your own to work with. I hope that this information helps!

new also found totalveiw is wonderful, worth its weight in GOLD..

tazz2122